Regulating credit rating agencies
By: Aline Darbellay, University of Zurich, Switzerland and University of San Diego, USA
Series: Elgar financial law
Publisher: Edward Elgar
Published: 2013
Place of publication: Cheltenham, United Kingdom
Language: eng
Number of pages: 275
ISBN-13: 9780857939357; 9780857939364
Subjects: Rating agencies (Finance); Law and legislation
Description: Aline Darbellay analyzes the obvious system relevance of credit rating agencies in depth and assesses the possible options for regulatory responses to this systemic issue. Thereby, the book is based on a fruitful comparative legal approach and formulates guidance principes for regulators, particularly addressing alternatives for restoring competition in the credit rating industry.
Notes: Includes bibliographical references (pages 238-253) and index.
Table of contents: title: History of credit rating agencies --; title: Description of the credit rating industry --; title: Rating-based regulations --; title: Regulatory treatment of credit rating agencies --; title: Regulatory trends --; title: Growth of the structured finance segment --; title: Wrong incentives in the credit rating industry --; title: Regulatory response to the problems of structured finance ratings --; title: System-relevance of credit ratings --; title: Market reactions to credit rating downgrades and their consequences --; title: Regulatory response to the systemic issue --; title: Restoring competition in the credit rating industry.